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114
Dec 27, 2012
12/12
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when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why did it end? because the global surplus of recycling mechanism could no longer be sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. enter a young turk in 1971. well, paul volcker -- that name may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. he was still national security advisor. volck
when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation....
174
174
Dec 24, 2012
12/12
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eye 174
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be on the pentagon fell apart -- it is not a philanthropic act on the pentagon's part. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why is that? because the global surplus of recycling mechanism was sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. well, paul volcker -- been named may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. volcker's paper, which are when i read a few years ago, i thought it was the most remarkable document ever to emerge from washington in the
be on the pentagon fell apart -- it is not a philanthropic act on the pentagon's part. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the...
90
90
Dec 26, 2012
12/12
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eye 90
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the current plan, alas numbers isooctane and from the wall street journal, or the pentagon indicated they wanted to maintain 6000 to 15th thousand u.s. troops following 2014. that is the issue under discussion now. there's approximately around 340 0,000 afghan security forces in place, including the police. the pentagon recently indicated i don't believe there was a major unit capable of operating independently from nato support. there was some manipulation of the metrics they were using where the things appear to be making more progress than perhaps they were. that came out in a white paper. what will be the long term success or failure of the afghan national security forces is yet to be determined. they need about $4.1 billion a year to continue at that level, which is more than the entire government revenues in afghanistan. so it's gone to take a long-term commitment of foreign powers to maintain that size of armed forces. the afghans have proven that they are excellent fighters. the question is will they be excellent soldiers for the government of afghanistan? host: one other que
the current plan, alas numbers isooctane and from the wall street journal, or the pentagon indicated they wanted to maintain 6000 to 15th thousand u.s. troops following 2014. that is the issue under discussion now. there's approximately around 340 0,000 afghan security forces in place, including the police. the pentagon recently indicated i don't believe there was a major unit capable of operating independently from nato support. there was some manipulation of the metrics they were using where...
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94
Dec 28, 2012
12/12
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the pay for pentagon officials is not going to be cut. if this drags on into march or april, they will have to do furloughs, is essentially giving people vacations. host: the headline from "the wall street journal." is that one way to do that? guest: that is a painful way to do that. when people do not have money to spend, the economy is not going to grow. if this goes on for a couple of days and the stock market falls dramatically, congress and the white house may be able to avoid some of the long-term consequences. if everybody digs end, more disasters things could take hold. host: the president, vice president, speaker of the house, democratic leader of the house, will be meeting today. from the reporting you have done, what will be happening? guest: they could sit down and cut a deal in five minutes. they know all the issues. they know where their parties are. they could sit down in five minutes, shaking hands, and cut a deal. i do not think that will happen. o no dwant to be seen as the party that is caving in. i think they will say,
the pay for pentagon officials is not going to be cut. if this drags on into march or april, they will have to do furloughs, is essentially giving people vacations. host: the headline from "the wall street journal." is that one way to do that? guest: that is a painful way to do that. when people do not have money to spend, the economy is not going to grow. if this goes on for a couple of days and the stock market falls dramatically, congress and the white house may be able to avoid...
105
105
Dec 28, 2012
12/12
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eye 105
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host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those services are part of the great man's budget. host: what about procurement? caller: things that they buy. -- guest: things that they buy. and again, all of those programs, like the 30 -- like a fighter jet, that is on the table as well. host: military construction, what is that? guest of the money that the military spends to build the bases and various other facilities. host: testing and evaluation, is that big money? guest: it can be. before weapons systems are built there is a whole research and development fund. host: let's talk about what is not on the table. >> we will take you back to the white house where president obama will speak shortly. he is scheduled to speak at 5:45 p.m. eastern about the earlier meeti
host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those services are part of the great man's budget. host: what about procurement? caller: things that they buy. -- guest: things that they buy. and again, all of those programs, like the...
171
171
Dec 28, 2012
12/12
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eye 171
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the three rreasons -- first, the pentagon papers. even though he was very conservative, came from a montreal immigrant family, the first jewish editor. the sulzbergers were the world's most assimilated jews and they underreported the holocaust. they apologized for that. rosenthal -- pentagon papers -- does anyone know what else rosenthal did? rosenthal really changed the "times" to a much more dramatic, lively newspaper. when you take journalism class is, you were told about the who, what, where, when, how. the who was elevated by something called the new journalists -- dramatic in nature, quotes from people telling us the who, what people were about, what their motives were, letting them talk to reveal their psyche. rosenthal was a proponent of this. he brought liveliness and action and even narrative to "the new york times." -- 21is how it began t members of the panama cabinet. rosenthal changed that. he had a major effect on up the newspaper. because it was an iconic newspaper, it trickled down. in other words, the who had previou
the three rreasons -- first, the pentagon papers. even though he was very conservative, came from a montreal immigrant family, the first jewish editor. the sulzbergers were the world's most assimilated jews and they underreported the holocaust. they apologized for that. rosenthal -- pentagon papers -- does anyone know what else rosenthal did? rosenthal really changed the "times" to a much more dramatic, lively newspaper. when you take journalism class is, you were told about the who,...
147
147
Dec 25, 2012
12/12
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eye 147
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so we had a pentagon lie ace son. it got to the point we said we need a couple of f-16s they said sure. it got great. a lot of production value where it came. i think obviously they thought their public affairs and their public image through that show -- >> at the you same token i was visited by the dean of west point a few years later when there was some cry that some investigators in iraq and in afghanistan were being influenced by the content of the show and that their interrogation techniques were being informed by -- >> let me ask a question or finish your thought. >> no, i'll go back to it. >> i ask the question on the issue of terism in this country, "homeland" and "24" may or may not have had an affect on it. torture is a very, very prominent component of the show. and to what extent do you think that film and that show entered into the debate particularly under the bush administration? >> i think in "24" there was no -- the idea and it was promoted in certain articles and i think there was a con flation of po
so we had a pentagon lie ace son. it got to the point we said we need a couple of f-16s they said sure. it got great. a lot of production value where it came. i think obviously they thought their public affairs and their public image through that show -- >> at the you same token i was visited by the dean of west point a few years later when there was some cry that some investigators in iraq and in afghanistan were being influenced by the content of the show and that their interrogation...